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The Best Cheap Car Insurance Companies for Maine Drivers in 2020

When shopping for affordable car insurance in Maine, most residents will have coverage options from five of the top insurance companies available today. Listed below, you’ll find those insurance companies along with the approximate costs for the average driver.

Company
Amount
1. Progressive
In 2020 Progressive ranked #1 in Maine for the cheapest car insurance on average.
$0
per year
2. Progressive
In 2020 Progressive ranked #2 in Maine for the cheapest car insurance on average.
$0
per year
3. Concord Group
In 2020 Concord Group ranked #3 in Maine for the cheapest car insurance on average.
$1,103
per year
4. State Farm
In 2020 State Farm ranked #4 in Maine for the cheapest car insurance on average.
$1,356
per year
5. Allstate
In 2020 Allstate ranked #5 in Maine for the cheapest car insurance on average.
$1,614
per year
6. Liberty Mutual Fire Ins Co
In 2020 Liberty Mutual Fire Ins Co ranked #6 in Maine for the cheapest car insurance on average.
$2,308
per year

These numbers are just estimates; personalized quotes are dependent upon the driver’s individual factors. These factors include your age, driving record, age of the car, personal credit score and zip code, among others.

Quotes also are dependent upon the individual Maine car insurance company because each company utilizes its own algorithm for evaluating the driver’s factors. In addition, each company offers its own variety of discounts, which could affect the cost of the quote.

The Best Car Insurance Companies in Maine for 2020

To determine the best car insurance companies in Maine, MoneyGeek examines a number of factors for each company, including affordability, customer satisfaction, claims resolution and financial strength rating.

To ensure the best rating available, MoneyGeek studies a combination of ratings, such as JD Power’s claims score and AM Best’s financial strength ratings. Each rating is weighted equally and scored on a 100-point scale.

Expand all Rankings +

1

USAAScore: 100
+

5/5

User Satisfaction

5/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

2

State FarmScore: 92.5
+

4/5

User Satisfaction

3/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

3

GEICOScore: 92.5
+

4/5

User Satisfaction

3/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

4

AllstateScore: 87.5
+

4/5

User Satisfaction

4/5

Claims Ratings

3/5

Affordability

A+

Financial Stability

5

NationwideScore: 85
+

3/5

User Satisfaction

4/5

Claims Ratings

3/5

Affordability

A+

Financial Stability

6

ProgressiveScore: 82.5
+

3/5

User Satisfaction

2/5

Claims Ratings

4/5

Affordability

A+

Financial Stability

7

TravelersScore: 80
+

2/5

User Satisfaction

3/5

Claims Ratings

2/5

Affordability

A++

Financial Stability

8

HanoverScore: 77.5
+

3/5

User Satisfaction

3/5

Claims Ratings

2/5

Affordability

A

Financial Stability

9

MetLifeScore: 77.5
+

2/5

User Satisfaction

3/5

Claims Ratings

2/5

Affordability

A+

Financial Stability

10

Liberty MutualScore: 75
+

2/5

User Satisfaction

3/5

Claims Ratings

2/5

Affordability

A

Financial Stability


Market Share by Company

If you want affordable car insurance in Maine with a reliable company that provides a high level of customer service, you may want to obtain a personalized quote from one or more of the top insurance companies operating in the state. In Maine, the largest car insurance company is Progressive, which garners 14.87% of the market share in the state. The following table showcases Maine’s other biggest insurance companies.

Company
Market Share
1. Progressive
14.87%
2. State Farm
13.71%
3. GEICO
10.77%
4. Liberty Mutual
8.63%
5. Allstate
7.04%
6. USAA
4.82%
7. MetLife
3.83%
8. Auto-Owners Insurance Co
3.81%
9. Travelers
3.44%
10. Hanover
3.22%

Cheapest Car Insurance for Drivers With a DUI in Maine

A conviction for driving under the influence in Maine leads to a minimum of 30 days of jail time and a minimum fine of $500. However, a DUI conviction also can negatively impact your car insurance rates, resulting in higher premiums. Check out the following estimates of what drivers in Maine can expect to pay for auto insurance if they receive a DUI.

Company
Amount
1. Progressive
In 2020 Progressive ranked #1 in Maine for the cheapest car insurance for dui.
$0
per year
2. Progressive
In 2020 Progressive ranked #2 in Maine for the cheapest car insurance for dui.
$0
per year
3. State Farm
In 2020 State Farm ranked #3 in Maine for the cheapest car insurance for dui.
$1,333
per year
4. Concord Group
In 2020 Concord Group ranked #4 in Maine for the cheapest car insurance for dui.
$1,871
per year
5. Allstate
In 2020 Allstate ranked #5 in Maine for the cheapest car insurance for dui.
$2,129
per year
6. Liberty Mutual Fire Ins Co
In 2020 Liberty Mutual Fire Ins Co ranked #6 in Maine for the cheapest car insurance for dui.
$6,074
per year

A DUI conviction can continue to negatively impact insurance rates for several years, in addition to the legal fees, fines and other expenses you may incur resulting from a DUI. To find the best rates with a DUI on your record, it’s important to shop around annually to see if specific companies may have more favorable evaluations of drivers with a DUI conviction.

Cheapest Car Insurance for ME Speeding or Distracted Driving Tickets

Moving violations such as speeding or distracted driving also will negatively impact your car insurance rates. In fact, according to the National Highway Traffic Safety Administration, there were 128 distracted driving accidents in 2018, a key factor auto insurance companies in Maine use as an indicator of accident potential in the state. The following table features estimates of what drivers in Maine can expect to pay for car insurance if they get a speeding or distracted driving ticket.

Company
Amount
1. Progressive
In 2020 Progressive ranked #1 in Maine for the cheapest car insurance for distracted drivers.
$0
per year
2. Progressive
In 2020 Progressive ranked #2 in Maine for the cheapest car insurance for distracted drivers.
$0
per year
3. State Farm
In 2020 State Farm ranked #3 in Maine for the cheapest car insurance for distracted drivers.
$1,447
per year
4. Concord Group
In 2020 Concord Group ranked #4 in Maine for the cheapest car insurance for distracted drivers.
$1,562
per year
5. Allstate
In 2020 Allstate ranked #5 in Maine for the cheapest car insurance for distracted drivers.
$1,721
per year
6. Liberty Mutual Fire Ins Co
In 2020 Liberty Mutual Fire Ins Co ranked #6 in Maine for the cheapest car insurance for distracted drivers.
$2,845
per year

The effects of a ticket on your car insurance rates may be short-term for a first-time offense or long-term for repeat offenders. To help you get the best rates under these circumstances, it’s important to shop for new rates each year when it’s time to renew your current policy. Checking with different insurance companies could result in a better rate.

Cheapest Car Insurance Companies in ME for Drivers With Bad Credit

Many auto insurance companies take into account a driver’s credit score given it could indicate the likelihood of those drivers filing an insurance claim. Those with good credit scores — a credit score of 700 or higher is generally considered a good credit score – are viewed as less likely to file a claim than those with lower credit scores. In Maine, the average credit score for residents is 715.

The following estimates reflect what drivers in Maine could pay for auto insurance if they have a poor credit score. Consult with companies directly for a more personalized quote.

Company
Amount
1. Progressive
In 2020 Progressive ranked #1 in Maine for the cheapest car insurance for poor credit history drivers.
$0
per year
2. Progressive
In 2020 Progressive ranked #2 in Maine for the cheapest car insurance for poor credit history drivers.
$0
per year
3. Concord Group
In 2020 Concord Group ranked #3 in Maine for the cheapest car insurance for poor credit history drivers.
$1,035
per year
4. State Farm
In 2020 State Farm ranked #4 in Maine for the cheapest car insurance for poor credit history drivers.
$1,289
per year
5. Allstate
In 2020 Allstate ranked #5 in Maine for the cheapest car insurance for poor credit history drivers.
$1,526
per year
6. Liberty Mutual Fire Ins Co
In 2020 Liberty Mutual Fire Ins Co ranked #6 in Maine for the cheapest car insurance for poor credit history drivers.
$2,087
per year

Because auto insurance companies do not weigh credit scores equally, your rate quote may be vastly different from insurer to insurer, particularly if you have a low credit score.

Cheapest Car Insurance Companies in Maine for Seniors

According to the National Highway Traffic Safety Administration, in 2017, 21.1% of drivers involved in fatal traffic crashes in Maine were ages 65 or older. To keep these numbers down, seniors living in Maine are subjected to stricter guidelines when it comes to driver’s license renewal.

Unlike younger residents, Maine residents who are 65 and older must renew their driver’s license every four years instead of every six years. Also, according to the Maine Bureau of Motor Vehicles, once they turn age 62, seniors must have a vision test every time they renew their driver’s license. The following estimates reflect what seniors in Maine can expect to pay for auto insurance.

Company
Amount
1. Progressive
In 2020 Progressive ranked #1 in Maine for the cheapest car insurance for seniors.
$0
per year
2. Progressive
In 2020 Progressive ranked #2 in Maine for the cheapest car insurance for seniors.
$0
per year
3. Concord Group
In 2020 Concord Group ranked #3 in Maine for the cheapest car insurance for seniors.
$976
per year
4. State Farm
In 2020 State Farm ranked #4 in Maine for the cheapest car insurance for seniors.
$1,218
per year
5. Allstate
In 2020 Allstate ranked #5 in Maine for the cheapest car insurance for seniors.
$1,491
per year
6. Liberty Mutual Fire Ins Co
In 2020 Liberty Mutual Fire Ins Co ranked #6 in Maine for the cheapest car insurance for seniors.
$2,022
per year

Car insurance quotes for seniors vary based on their individual circumstances and the insurer issuing the quote. Therefore, it’s important to shop around each year before renewing your car insurance policy to ensure you receive the lowest rates.

Cheapest Car Insurance for Students

Maine Car Insurance: How Much a Teen Driver Will Cost You

Median annual price change for families with a teen driver on their policy:

$1,274 INCREASE

This is a difference of 108%.

Most parents of teenagers and college students in Maine want to ensure their children are safe on the road without overpaying for car insurance. While having a teenage driver on your policy will drive the price of premiums up, you can reduce the impact on your wallet by investing in a car with a strong crash rating and proven safety features. Apart from those factors, you should also ask about discounts for good students and teens who take defensive driving courses. And it’s important to know your options for college-aged drivers planning on attending an out-of-state school.

Because students and teens are considered high risk due to their lack of driving experience, insurers often charge higher rates for their car insurance coverage. The good news is, according to the National Highway Traffic Safety Administration, the number of teen and student drivers who died in motor vehicle crashes has dropped. In 2016, 1,916 drivers ages 15 to 20 died in motor vehicle crashes. That number dropped 4% in 2017 to 1,830 drivers.

Parents in Maine who are expecting to add a young driver to their auto insurance plan can expect to pay the following estimates.

Company
Amount
1. Progressive
In 2020 Progressive ranked #1 in Maine for the cheapest car insurance for students.
$0
per year
2. Progressive
In 2020 Progressive ranked #2 in Maine for the cheapest car insurance for students.
$0
per year
3. Concord Group
In 2020 Concord Group ranked #3 in Maine for the cheapest car insurance for students.
$2,382
per year
4. Allstate
In 2020 Allstate ranked #4 in Maine for the cheapest car insurance for students.
$3,468
per year
5. State Farm
In 2020 State Farm ranked #5 in Maine for the cheapest car insurance for students.
$3,543
per year
6. Liberty Mutual Fire Ins Co
In 2020 Liberty Mutual Fire Ins Co ranked #6 in Maine for the cheapest car insurance for students.
$5,502
per year

Premium Comparison by Student Type

PREMIUM COMPARISON FOR TWO ADULTS + 16-YEAR-OLD

car
Average premium for two 2014

Mustang GTs

$3,930
car
Average premium for two 2008

Town and Country Limiteds

$2,215
Annual benefits of minivans:$1,715 saved

This is 44% less expensive.

Cheaper premium for college vs. high school drivers

Median premium change with a college student vs. high school driver:

$170 DECREASE

This is a savings of 6%.

Potential discounts for teens in Maine

Impact on annual premium with good student and defensive driving discounts:

coins
$360 SAVED

Maine students: a long-distance discount

You may pay a smaller annual family premium if your child lives 150 miles or more away from home.

male
Average premium for a 19-year-old male
car

$2,858 at home

graduation

$2,671 at school

$187 IN SAVINGS

female
Average premium for a 19-year-old female
car

$2,403 at home

graduation

$2,292 at school

$111 IN SAVINGS

Insurance Rate Information for Military Drivers and Veterans

If you're one of more than 800 active-duty military personnel living in Maine, you'll probably be able to get a discount on your auto insurance. The same holds true for more than 125,000 veterans living in the state. The major carriers, including USAA, Geico, and AFI, all offer discounts to military members and veterans. This discount, coupled with a good driving record, can help military families cut costs.

With proof of insurance in hand, you can then take advantage of Maine's "Rapid Renewal" online service to register a vehicle, even if deployed out of state. The state government's insurance website has further details on the minimum requirements and best rates in Maine.

The following table showcases estimates of what active-duty military personnel and veterans can expect to pay in Maine for their car insurance. Always consult with an insurance company directly for a more personalized quote.

Age savings for Maine service members

male
25 years$1,317
50 years$938
female
25 years$1,060
50 years$932

$379 Saved
$128 Saved

Median auto insurance for service members: $934

Who Needs Car Insurance in Maine?

As long as a car is registered in Maine, it needs insurance. Drivers can take their inoperable cars off insurance if they also turn in the registration and license plate. If the car holds some value, talk to an insurance agent about how to keep the vehicle protected from incidents that might happen to it while it's parked in the garage.

Proof of Insurance in Maine

Drivers in Maine receive an insurance card that they need to carry with them. Alternatively, they can use electronic proof of insurance. The card must show that a valid policy is in effect on the car being driven. There are three times you'll need to show it:

  • When registering a vehicle
  • When pulled over for a moving violation
  • If you're in an accident that must be reported to the police

Minimum Liability Insurance Requirements in Maine

Maine has some of the highest minimum liability limits in the United States. It also mandates several different types of coverage:

  • To cover an accident at which you are at fault, you must carry $50,000/$100,000 per person/accident to cover the costs of bodily injury to another party.
  • To cover an accident at which you are at fault, you must carry $25,000 to cover damages to another person's property, such as a vehicle.
  • To cover another driver who is at fault but does not have adequate insurance coverage, you must carry $50,000/$100,000 per person/accident to pay for bodily injuries to you or your passengers.

Whether an accident is caused by you or another driver, you must carry $2,000 in medical payments coverage to pay for medical or funeral expenses for people in your car.

Even with this generous coverage, industry experts generally encourage consumers to purchase higher limits and additional policies. (See below: "How Much Vehicle Insurance Do You Need?")

Alternatives to Insurance in Maine

Drivers who want to skip dealing with an insurance company have an alternative. They can get a certificate from a surety company. They can also deposit $127,000 in cash or securities (i.e., the amount of a minimum policy) with the treasurer of state, then show the receipt to the secretary of state. If everything is fine, they'll receive authorization from the secretary of state, which they must keep with them as proof of insurance in case of a collision or a traffic infraction.

Car Insurance Requirements in Maine: How Much Coverage Do You Need?

What percentage of drivers in Maine lack vehicle insurance?

4.5%

National average: 13%

Source:

Insurance Information Institute.

The minimum coverage levels required by law may seem high, but they might not cover all of your costs in an accident. The right level for you depends on your assets and the value of your vehicle. Keep in mind that experts generally recommend liability policies of $100,000 per accident/$300,000 per injury for adequate protection, according to the Insurance Information Institute.

Experts also recommend collision and comprehensive coverage for any vehicle you're not planning on driving into the junkyard within a few years. Unlike other policies, these types of coverage look after your vehicle in case of accidents — both on the roadway and off.

Required state discount

Auto insurers in Maine have to give a discounted rate for three years to senior drivers (55 and older) who complete an accident prevention course, so long as they or a person living in their house has not been at fault in an accident or received a ticket within the last three years. The amount of the discount is up to the insurers, so, as always, it's smart to shop around. Seniors can take the course again after three years to renew the discount.

For more on the topic, see our MoneyGeek guide to car insurance.


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Sources